Understanding NYCIP: The Protection Your Cemetery Needs

Finding the right protection for you cemetery can be a complicated process, with the need for protection against a wide variety of possible damages and liabilities. With the New York Cemetery Insurance Program you can get comprehensive coverage for your cemetery in one place, making your life easier while allowing for unbeatable rates and benefits.

Protect Your Property

In addition to standard commercial property protection, many cemeteries require further coverage. As cemeteries can date centuries into the past, historic property coverage may be required. It provides special coverage for buildings with historical significance, and includes a complimentary appraisal.

Everything You Need to Breathe Easy

Financial liabilities don’t end at property, however. With comprehensive cemetery insurance you also receive a wide range of protections that the average cemetery requires. From automobile coverage for cemetery vehicles, to protection plans for directors and officers and coverage on workers’ compensation cases, NYCIP covers all your bases.

Obtaining the right insurance coverage for your cemetery ensures that you’re covered in the event of any accidents, natural or man-made. Without cemetery insurance you could be on the hook for costs which you are unable to manage. If you don’t have comprehensive coverage, reach out to a provider today and grant yourself the peace of mind which comes with your cemetery’s stability.

 

Prevent Lawsuits Over Employee Benefits

No matter how thoroughly you cover your employees, there is always a risk of an error, especially when you employ a lot of temporary workers. These mistakes can easily cause a lot of damage to a company, no matter how big and profitable. In order to protect yourself and your business from mistakes in insurance coverage for your employees, make sure you have a trustworthy plan for employee benefits liability insurance.

Administrative Errors Covered

Employee benefits liability covers administrative errors. The situations that fall under that may vary, but there are a few general categories that tend to contain the covered events.

  • Record keeping, paper or electronic, for employee benefits
  • Sharing policy and benefit information with enrollees and eligible beneficiaries
  • Maintaining enrollment and benefit details for employees and eligible beneficiaries

This coverage is incredibly helpful for any business. It protects employers in the case of accusations of negligence and lawsuits related to employee benefits programs.

Make Sure You Are Protected

Administrative errors can happen to anyone, and sometimes they are unavoidable, but they can have costly and catastrophic effects on a business if an omission or mistake occurs with employee benefits. By choosing a robust plan for employee benefits liability insurance, you protect your business and administrative employees from many kinds of mistakes.

Equipment Safety Is Vital in the Construction Industry

Construction work is critical to the continued development of our towns and cities. It is also a business fraught with dangerous and hazardous conditions, and where New Jersey contractors insurance is needed to address these concerns. A risk management plan that focuses on practicing safety at every turn will help prevent workers, and the general public, from befalling many of the dangers that may occur during the course of a project.

There is an awful lot of heavy-duty equipment in use, including cranes, backhoes and diggers, and the riggers who operate and maintain this equipment must do so responsibly. Contractors must do their part to avoid situations where accidents can occur and prevent damages and injuries resulting from poor training or miscommunications.

Riggers must practice equipment safety

For construction sites, the equipment in use is a critical asset that makes digging, lifting and transporting heavy objects a much easier and simpler task. Occupational Safety and Health Administration (OSHA) officials insist that all equipment operators must be certified in order to work on a construction site, and all construction equipment must be inspected regularly.

Any hazardous, unsanitary or dangerous conditions should be reported to a supervisor immediately and measures taken to resolve these issues promptly. The standards for operating a crane or any other heavy equipment includes making sure that the ground is firm and level and that supporting materials, including blocks, mats, and cribbing be used at all times. Contractors and crew must ensure that access roads are provided with adequate room for moving the equipment from place to place.

Injuries can easily occur from employees simply stepping onto and off of the equipment, so employers must provide adequate fall protection. All walking and stepping surfaces must contain slip-resistant features, and added precaution should be taken in areas where slips are most likely to occur, such as in muddy conditions.

Additional safety measures should be taken when rigging a crane to avoid serious damage or injuries from happening. Only qualified riggers should perform any rigging work, while avoiding rigging above or close to areas where other work is being performed. Safety first, but having new jersey contractors insurance will provide aid where any problems come to light during the course of a construction project. Speak to a reputable agent today.

 

Small Business Insurance in Indiana

A small business may need a policy that is specifically designed for the needs and characteristics of a smaller operation. Most states can require business owners to carry certain types of insurance to operate. If you operate a small business in Indiana, you may need Indiana BOP insurance.

What Does BOP Insurance Cover?

BOP insurance is a business insurance policy that can be used to cover standard types of risks that small businesses may be exposed to. This coverage can include three components.

  • General Liability. This component can cover any liability claims that may arise as a result of damage to other people’s property or bodily injury to others during the operation of the business. It may also cover claims against the company for loss due to company mistakes like advertising errors.
  • Business Income. If a misfortune such as a robbery, fire or natural disaster occurs that causes the owner to temporarily stop business operations, this component can cover the loss of income during the time of stoppage.
  • Commercial Property. This component can cover loss or damage to property owned by the business including the structure and contents.

Like most BOP insurance policies, Indiana BOP insurance may not cover workers compensation. Business owners may have to purchase a separate policy to satisfy unemployment and workers compensation insurance requirements.

Coverage Needs for Big Budget Film Productions

Everyone involved in the entertainment industry, from producers and production companies, to film financiers and film distributors, are under constant pressure to produce outstanding products. Movies nowadays have the ability to top one billion dollars in sales word-wide, so imagine the enormous amount of risk that comes with seeing these projects to fruition. You need to provide your client with the type of flexibility and expertise needed to deal with any issues that could come their way, including many unexpected exposures.

For legal and contractual reasons, as well as the protection of a lot of valuable property, production insurance is definitely vital to the financing of these projects. Without insurance, the risks include public safety, equipment damage, concerns over private and public property, and the safety of the cast and crew.

The amount of insurance should equal the risk

The type of policy your client will need will depend on the type of project they plan to produce. If, for example, they’re making a simple music video, that type of policy will differ substantially from someone making a feature film. There are three common types of coverage generally acquired: short-term, a DICE insurance policy, (DICE stands for “Documentaries, Industrial Films, Commercials and Educational Films”) and an annual policy, which covers an entire year of production.

Short-term policies are used for a single production, such as a commercial. A DICE insurance policy is used for several projects during any given year. Any film projects spanning several months will often require an annual policy.

Once it has been determined which policy addresses your client’s needs, each production insurance policy purchased will need to offer protection in the form of general liability (GL), equipment insurance, and errors and omissions (E&O). The GL will cover for damage to the filming location, along with any injury or harm that may befall those present that are not a part of the production and not working on the film.

The equipment insurance provides cover for any and all film equipment used in the film making process and will cover loss, damage, or theft of any rented or owned equipment. The E&O insurance policy protects against any lawsuit alleging unauthorized usage of titles, copyrighted materials, ideas, formats, characters, plots, plagiarism, unfair competition, defamation or invasion of privacy. We suggest having an entertainment lawyer review the script, along with all clearances and releases to ensure compliance.

Understanding the Difference Between BOP and CPP Insurance

As a business owner, you may need insurance to protect your business, but what type of insurance is right for your company? Business owners can obtain either a Business Owners Policy (BOP) or a Commercial Package Policy (CPP). There are a few reasons why a business owner may choose a commercial package policy vs a BOP.

Business Owners Policy

A business owners policy can also be referred to as a BOP. This type of policy may be more appropriate for smaller businesses that do not utilize a lot of square footage for operation. BOPs may cover the building itself and contents, certain business liability and loss of income. Businesses that utilize BOPs may need to obtain additional policies to cover needs that may not be offered by the BOP.

Commercial Package Policy

A commercial package policy can also be referred to as a CPP. This type of policy may be more commonly used by larger businesses and those with square footage that exceeds the limits allowed by a BOP. Larger businesses may have greater risks and need the increased protection and flexibility of customization that can come with a CPP. Coverage can be customized to the needs of the business in one package. Small businesses with special needs or high risks may opt for a commercial package policy vs a BOP.

Boating Safety Should Be A Priority

There are certain responsibilities that come with owning a yacht. Weather can be a serious factor as to just how safe it is to be boating, particularly during months when the seas can be most difficult to maneuver. Aside from the unpredictable nature of the weather, there is also the need for an understanding of international maritime laws.

Yacht insurance in Newport Beach will cover damage occurring to the physical hull of the ship, but first party and third party liabilities may contain various coverage exclusions, such as territorial limitations that determine where you can sail your vessel.

There has been an increase in the sales of yachts in the mega-size class, and with more people sailing the waters there comes more potential for incidents and accidents to occur. Safety is perhaps the best tool for dealing with concerns regarding hazards both on land and in the water.

Things to do before heading out to sea

Check every working part of your yacht to ensure that your personal watercraft is operating properly before heading out onto the water. You should be following a pre-departure checklist every time, before sailing, to help avoid any potential problems that could spring up.

Check your engine, looking for any signs of fuel or fluid leakage, as well as possible excess water in the bilge, the lowest section inside of your boat. For outboard engines, check the fuel system for leaks or the heavy odor of gas. Excessive fuel vapors can be a sign that a serious problem has developed.

Also, check fuel levels, ensure that all lights are functioning and in place, and check for any electrical issues such as loose, disconnected or corroded conductors or wires. Check the local weather report, any sea reports and boating forecasts. As the operator of the boat, you have a duty to pay attention to any potential for bad weather and should never head out if adverse conditions are expected.

Finally, test radio/communications devices to be sure they are fully functional and have an emergency and/or evacuation plan in place that should be gone over with your passengers. Have a good time while out on the water and always carry yacht insurance in Newport Beach for those times when issues occur that need to be addressed.

Finding the Right Insurance Broker for Your Financial Institution

Financial institutions have a great deal of money tied up under their care, making it vitally important to get the right insurance to protect them. There are many finance and insurance brokers and so it is important to choose one you can rely on to provide quality service at fair prices.

Custom Service

No two financial institutions are exactly the same so you shouldn’t settle for a cookie-cutter protection policy. Always work with finance and insurance brokers willing to look at your financial institution’s specific situation and devise a policy which incorporates only the policies you need.

Prompt Responses

In addition to a policy designed for your financial institution, seek out finance and insurance brokers offering quick and responsive customer support. If your provider establishes a relationship on a personal level you know that you can receive honest and direct feed back when needed to get the most out of your policy.

Diverse Options

The best way to get the coverage you need at an affordable rate is to get it all in one place. Purchasing from a provider that can handle everything from liability coverage to criminal coverage to cyber protections reduces the overhead of managing your policies and offers the opportunity to get better rates by providing more business to one provider.

Life Insurance That Provides Valuable Options

Often, those in the market looking to buy insurance may opt for a single premium life insurance policy. Why, you might ask? Well, as compared to a traditional or a whole life insurance policy where you pay insurance premiums at periodic intervals, this allows for a onetime payment solution for those who do not wish to have to make periodic payments over time.

Once the single premium payment has been made, you now become the owner of this policy containing a specific death benefit. You will not have to worry about making any further payments or be concerned with a lapse of your policy in case you forget to make any scheduled payments. Most major insurers provide single premium life insurance policies for the benefit of their customers and you can use the assistance of an agent to help you find out which avenue may work best for you.

Other advantages to a single premium policy

As the policyholder, you can obtain loans against your policy once the cash value reaches a certain pre-determined amount. You can also take a policy loan out at little or no cost, since your insurer can use income on funds invested to offset the interest charged to you as a borrower.

If you happen to have a significant amount of cash to invest or heirs you want to make sure will be well taken care of, compare single-premium life to investing in an annuity. Keep in mind that under this policy your beneficiaries will receive the death benefit free of income taxes. With an annuity, your beneficiaries must include any benefits in their taxable income.

There is still yet another option that might be available to you. If you have an older permanent life insurance policy that you no longer want to pay premiums on, instead of letting the policy lapse, thereby losing your cash value, you can likely roll your cash value amount into a single-premium life insurance policy.

Some single premium policies include long-term care benefits that allow you to withdraw the policy’s cash value without having to pay income taxes on it if you require long-term care services. Speak to your agent about the benefits of a single premium life insurance policy so you can make an informed decision on making this valuable purchase.

 

Directors & Officers vs Errors & Omissions Coverage

As a business choosing the right types of liability insurance can be important. Especially if you’re looking as directors and officers coverage vs errors and omissions (d&o vs e&o). Both coverage types can protect your company, however they are not the same policies. Keep reading to learn a bit about what each covers so you can choose the right type for your insurance needs.

Directors and officers coverage is designed to protects the main management of a company from any allegations that may arise due to management decisions. This type of coverage may also be referred to as management liability. These policies apply only to the management team of a company and not the business in general.

Errors and omissions coverage, on the other hand, protects the business in the event an allegation is made that the company failed to provide a service, or that the service provided in some way led to loss or damage to the client or their assets. This coverage can help protect against mistakes, such as lost paperwork, that may lead to potential lawsuits.

When choosing between d&o vs e&o insurance policies it’s important to keep in mind the coverage needs of your business. In some cases it may even be a good idea to invest in both. If you have any questions your insurance agent can help.